Economy

Economy
Report: 5G Will Add $2.2T To Global Economy
March 06, 2020

The Global System for Mobile Communications (GSMA) released a report that said 5G telecommunications technology will contribute $2.2 trillion to the worldwide economy between the years 2024 and 2034, according to a report by TechRepublic. Get the Full Story Complete the form to unlock this...

Economy
Coronavirus: eBay Prohibits New Listings For Hand Sanitizer, Face Masks; Analysts Lower Facebook Revenue Estimates
March 06, 2020

The coronavirus could have wide-reaching effects on technology manufacturing, eCommerce marketplaces and the economy as a whole. Here are the latest updates on the coronavirus around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
BLS Report Shows Static Retail Jobs Picture
March 06, 2020

Sometimes no news is good news. That’s the case with the new employment report from the Bureau of Labor Statistics, which showed that retail jobs held steady between January and February. The news was welcome after a disastrous report from December to January, a drop...

Economy
White House Mulling Coronavirus Tax Deferments
March 06, 2020

The Trump Administration is reportedly considering tax deferments for industries hit hard by the coronavirus, like the airline, travel and cruise industries, according to a report by The Washington Post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
US Created 273K Jobs in Feb. Despite Coronavirus Fears
March 06, 2020

The U.S. economy created a hefty 273,000 nonfarm jobs in February and the unemployment rate fell to 3.5 percent from January’s 3.6 percent, as the market for workers remained firm despite early stages of the coronavirus scare. Restaurants and bars saw a particularly strong 53,000...

Economy
Healthcare Costs Concerning For Voters (And Their Wallets)
March 05, 2020

Perhaps it may be the coronavirus – understandably so – that is spurring Americans to think of healthcare costs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Markets
Finablr Exploring Options After NMC Health Link Tanks Stock
March 05, 2020

Finablr, which owns a number of currency-exchange businesses, including Travelex, is weighing its options after its stock took a hit due to association with health operator NMC Health, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article...

Markets
Coronavirus Prep, Biden Wins Propel Stocks Up
March 04, 2020

U.S. stocks soared on Wednesday (March 4) on news of Joe Biden’s Super Tuesday results and a commitment by Congress to earmark $8 billion to fight the coronavirus. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Markets
Robinhood Provides Discount To Make Up For Outage
March 04, 2020

After its systems went down as the markets bounced back from the most unfavorable week as of the financial crisis in 2008, the Robinhood trading app vowed to offer compensation for users. The app was not up and running on Monday, as the Dow increased by...